hit long term trend line and nicley above clould with a nice crossover on MACD, RSI not too high, ticking all the right boxes for me, going to add/ close positions at the fib extentions shows as i see fit and will try and keep the idea updated
swinging gold short I've labeled everything on the chart i am in the trade now, two days of very bearish candles right on strong resistance/ Fib line. i expect it to drop to the next Fib line/green trend line then retrace slightly i may add to my positions here. then down to the Final TP is market conditions are good. MACD crossover indicates Bearish momentum. a ...
uncertainty will flood GBP because of brexit negotiations, a break of the bearish trend would be very bullish so SL above last high, final target will be the white trend line connecting the recent lows which i believe needs to be retested.
1D MACD Crossover looks very strong i would prefer high RSI but it is trading in a pretty low range compared to history so i ...
big risstance right here on 1D chart downtrend confirmed by indicators more so in 4h but reverent in 1D.
setting my stop around 0.77160 ( maybe slightly higher ) just above major resistance
i believe it will return to the bottom of the long term trend channel (green line) but going to adding/removing positions at each support/resistance depending on market ...
Still waiting on Bullish Break of Channel on $XAUUSD been going on for a while now see tagged idea, believe a big break out could be coming going to take profits and/or add at support and resistance levels.
big resistance coming up, the two previous highs are a perfect .5 fib retracement of the big move between september - march 2016 (est) shorting till support as shown on chart, going to wait till rebound actually happens before getting in even if this does mean missing a few pips.
wait for the bullish trend to break then I'm going long to next big resistance at around 1262ish SL set below next minor resistance. indicators back up idea should work well will all the political uncertainty surrounding the US right now.